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The motorcycle ride-hailing wars in Nigeria and Uganda is SafeBoda’s to lose

TechCrunch

On April 16, Uganda-based two-wheel ride-hailing platform SafeBoda announced that it had completed 1 million rides in Ibadan, a southwestern city in Nigeria. The company, which first launched in Uganda, is disrupting the offline market of local motorcycles referred to as boda-bodas in Uganda and okadas in Nigeria.

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Rensource-spinoff Sabi closes $6M bridge round, expands B2B retail platform outside Nigeria

TechCrunch

Nigeria’s informal trade sector, worth over $244 billion, has more than 40 million micro, small and medium businesses. Most of these businesses operated offline until a few years ago when startups brought about digitization by providing infrastructure and a gamut of e-commerce and financial services.

Nigeria 84
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ZirooPay raises $11.4M to scale its mobile POS solutions for retailers across Nigeria

TechCrunch

The number of POS terminals in Nigeria grew from 150,000 in 2017 to 543,000 in April 2021, according to Statista. In Nigeria, POS terminals are used to process card payments at retail locations as well as for agency banking purposes, a branchless banking system where agents act like human ATMs.

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YC W22 batch nets 24 African startups, including 18 from Nigeria

TechCrunch

India, with 32 startups, is the second-largest demographic represented in the new batch, while Nigeria is third, having delivered 18 startups. What it says it does : A platform for corporate expense cards and spend management for businesses in Africa. Location : Lagos, Nigeria. Location : Lagos, Nigeria. Website : [link].

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Target Global leads $3.5M pre-seed in Nigerian online learning platform Edukoya

TechCrunch

For years, offline test preparation centers in Nigeria have provided after-school guidance and tutoring to students who seek to pass entrance examinations. Edtech platforms such as Edukoya have sprung up with the intent to take these models online and maintain affordability for students. Like in the U.S.,

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Nigerian blockchain payments startup Bitmama closes $2M pre-seed as it scales to new markets

TechCrunch

Countries such as Nigeria, Kenya and South Africa are majorly responsible for skyrocketing adoption rates as citizens try to hedge against currency devaluation and build wealth. Earlier this year, Bitmama had fewer than 20,000 users across both platforms. Revenues come from margins on the transactions its users perform on the platform.

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Nigerian shared mobility startup Shuttlers raises $1.6M, plans pan-African expansion

TechCrunch

Shared transportation in Nigeria, Africa’s largest country by population, is a thriving business, at least when done the conventional way: offline. million in seed funding from several investors to blitz scale within and outside Nigeria. However , most have found little luck, especially those in the two-wheeler mobility space.

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